A cement product which MRP value is Rs. 280. Now how it
calculate the Basic Excise on MRP or my Selliing value from
factory?
Answers were Sorted based on User's Feedback
Answer / ca.niranjan.m.n
For cement specific rates of excise duty is applicable.
B. CEMENT
Consequent to enhancement of the standard rate of duty from
8% to 10%, the specific rates of duty on cement and cement
clinker is also being revised upwards as follows:
Mini cement plant:
Cement Present rate Proposed rate
1. Cleared in packaged form,-
(i). of retail sale price not exceeding Rs. 190 per 50 kg
bag or of per tonne equivalent retail sale price not
exceeding Rs. 3800; Rs.185 per tonne
(ii). of retail sale price exceeding Rs. 190 per
50 kg bag or of per tonne equivalent retail sale price
exceeding Rs. 3800; Rs.315 per tonne
2. Cleared other than in packaged form Rs.215 per tonne
Other than mini cement plant:
Cement Present rate Proposed rate
1. Cleared in packaged form,-
i) of retail sale price not exceeding Rs. 190 per 50 kg
bag or of per tonne equivalent retail sale price not
exceeding Rs. 3800;
Rs.290 per tonne
(ii). of retail sale price exceeding Rs. 190 per
50 kg bag of per tonne equivalent retail sale price
exceeding Rs. 3800 10% of retail sale price
2. Cleared other than in packaged form 10% or Rs.290 per
tonne, whichever is higher
Is This Answer Correct ? | 7 Yes | 6 No |
Answer / syed
MRP= Rs. 280.00
EXCISE CALCULATION
CESS @ 10% Rs. 28.00
EDCESS @ 2% ON CESS= 0.56
HECESS @ 1% ON CESS =0.28
TOTAL EXCISE VALUE: 28.84
TOTAL VALUE OF CEMENT= 308.84
Is This Answer Correct ? | 29 Yes | 43 No |
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